Pricing Manager
Salary

Pay for Pricing Managers in the United States sits in the ballpark of $82K per year. Total cash compensation to Pricing Managers approaches anywhere from $46K on the lower end to $125K on the higher end; in exceptional cases, this can include more than $18K from bonuses and upwards of $12K from profit sharing. Location and experience level each impact pay for this group, with the former having the largest influence. Almost all enjoy medical while a large number get dental coverage. Vision coverage is also available to a majority. Work is enjoyable for Pricing Managers, who typically claim high levels of job satisfaction. Women are just slightly outnumbered, with male Pricing Managers making up 57 percent of survey respondents. The data for this synopsis comes from respondents who took the PayScale salary survey.

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

XTotal Pay combines base annual salary or hourly wage, bonuses, profit sharing, tips, commissions, overtime pay and other forms of cash earnings, as applicable for this job. It does not include equity (stock) compensation, cash value of retirement benefits, or the value of other non-cash benefits (e.g. healthcare).

Find Out Exactly What You Should Be Paid

Job Description for Pricing Manager

Pricing managers assist with the accounting and pricing aspects of their organization. They work with the accounting staff, vendors, and employees to manage department workflow. This includes monitoring price and market movements, compliance with regulations and policies, and the control of associated risks. It also includes formulating and executing pricing policy changes in compliance with industry standards, analyzing price changes, troubleshooting processes, supporting audits, and conducting pricing optimization.

Pricing managers assist in the resolution of problems and help minimize risks, as well as evaluate and coach staff. Other duties for pricing managers may include vendor management, communication with other managers, and relationship management. To perform these (and other) duties, pricing managers may need to review books, assess values, and calculate rates. Pricing managers must communicate effectively with staff, partners, and accounting professionals to ensure that all aspects of pricing and employee development are taken care of in a timely and effective manner.

Generally, a bachelor's or master's degree in accounting, management, or a related field is required for this position. Experience in a similar position is generally needed as well. A combination of education and experience may be accepted in lieu of a degree. This job requires strong communication and leadership skills, sales and marketing skills, and strong attention to detail. Additionally, pricing managers must be able to understand and formulate business and financial models, and they must possess strong knowledge of accounting and management operations.

Pricing Manager Tasks

Work with product developers to make sure products are competitive.

Identify and monitor competitors and adapt pricing strategies to reflect changes in the market.

Conduct financial modeling and analysis to determine prices for products.

Pricing Manager Job Listings

Search for more jobs:

Job Title/Company

Location

Popular Skills for Pricing Manager

This chart shows the most popular skills for this job and what effect each skill has on pay.

Overall, survey participants reported applying a fair number of skills to their work. Most notably, facility with Financial Modeling, Financial Analysis, and Data Analysis are correlated to pay that is significantly above average, leading to increases of 36 percent, 5 percent, and 3 percent, respectively. At the other end of the pay range are skills like People Management. Those familiar with Data Analysis also tend to know Microsoft Excel.

Pay by Experience Level for Pricing Manager

Median of all compensation (including tips, bonus, and overtime) by years of experience.

Workers in their first five years can expect to earn $72K, but people who have been around for five to 10 years earn a noticeably bigger sum of $84K. Pricing Managers see a median salary of $97K after reaching one to two decades on the job. Folks with more than two decades of experience actually report lower incomes overall; their average comes out to a mere $94K.

Pay Difference by Location

With a pay rate for Pricing Managers that is 32 percent greater than the national average, Philadelphia offers a comfortable salary for those in this profession. Pricing Managers will also find cushy salaries in Raleigh (+25 percent), Washington (+24 percent), San Francisco (+24 percent), and Dallas (+18 percent). The lowest-paying market is Denver, which sits 27 percent below the national average, proving that location is a significant contributor to overall pay. Below-median salaries also turn up in Seattle and Phoenix (11 percent lower and 8 percent lower, respectively).